Citigroup upgraded shares of CNH Industrial (NYSE:CNHI) from a neutral rating to a buy rating in a report released on Wednesday, MarketBeat Ratings reports. Citigroup currently has $15.00 price target on the stock, up from their previous price target of $13.75.

Several other analysts have also commented on the company. Stifel Nicolaus reaffirmed a hold rating and issued a $13.40 price target (up previously from $12.00) on shares of CNH Industrial in a research note on Monday, November 13th. Zacks Investment Research lowered CNH Industrial from a buy rating to a hold rating in a research note on Friday, November 10th. Evercore ISI raised CNH Industrial from an in-line rating to an outperform rating in a research note on Monday, November 6th. BidaskClub lowered CNH Industrial from a buy rating to a hold rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank reissued a buy rating and issued a $13.20 price objective (up previously from $12.80) on shares of CNH Industrial in a research note on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. CNH Industrial presently has an average rating of Hold and a consensus price target of $12.51.

Shares of CNH Industrial (NYSE CNHI) opened at $12.86 on Wednesday. The company has a current ratio of 5.42, a quick ratio of 4.18 and a debt-to-equity ratio of 5.73. The firm has a market capitalization of $17,727.80, a P/E ratio of 27.08 and a beta of 0.86. CNH Industrial has a fifty-two week low of $8.40 and a fifty-two week high of $13.37.

CNH Industrial (NYSE:CNHI) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. The business had revenue of $6.63 billion for the quarter, compared to analyst estimates of $5.03 billion. CNH Industrial had a return on equity of 14.63% and a net margin of 1.66%. CNH Industrial’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 EPS. research analysts expect that CNH Industrial will post 0.47 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNHI. Quadrant Capital Group LLC increased its holdings in CNH Industrial by 4.3% in the second quarter. Quadrant Capital Group LLC now owns 10,104 shares of the company’s stock valued at $110,000 after purchasing an additional 415 shares during the last quarter. Parametrica Management Ltd bought a new stake in CNH Industrial in the third quarter valued at about $126,000. FMR LLC increased its holdings in CNH Industrial by 14.4% in the second quarter. FMR LLC now owns 11,900 shares of the company’s stock valued at $135,000 after purchasing an additional 1,500 shares during the last quarter. Ballentine Partners LLC bought a new stake in CNH Industrial in the second quarter valued at about $136,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of CNH Industrial in the second quarter worth about $158,000. Institutional investors and hedge funds own 18.18% of the company’s stock.

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About CNH Industrial

CNH Industrial N.V. is a capital goods company. The Company is engaged in the design, production, marketing, sale and financing of agricultural and construction equipment, trucks, commercial vehicles, buses and specialty vehicles for firefighting, defense and other uses, as well as engines, transmissions and axles for vehicles and engines under marine and power generation applications.

Analyst Recommendations for CNH Industrial (NYSE:CNHI)

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